European equity markets were on track for a higher open Thursday, buoyed by strong overnight gains in US and Asian markets, where technology stocks led the rebound.
Momentum was driven by reports that the US has lifted export restrictions on chip design software to China, as part of a broader trade agreement emphasizing renewed cooperation on rare earths and advanced technologies.
Investors are also turning their attention to the upcoming US jobs report, which could shape expectations for the Federal Reserve’s next rate move.
A softer-than-expected reading may reinforce bets on a rate cut as early as July.
In Europe, the focus will be on fresh business activity data from Spain and Italy.
In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.2%.